Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Declines By 41.5%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 79,319 shares, a decline of 41.5% from the May 14th total of 135,591 shares. Based on an average daily trading volume, of 625,967 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

JPMorgan Active Growth ETF Price Performance

NYSEARCA:JGRO traded up $2.50 on Monday, hitting $97.79. 1,082,854 shares of the company’s stock were exchanged, compared to its average volume of 604,206. The firm has a 50-day moving average price of $94.50 and a 200-day moving average price of $91.84. JPMorgan Active Growth ETF has a 52 week low of $81.16 and a 52 week high of $99.73. The company has a market cap of $9.80 billion, a P/E ratio of 35.50 and a beta of 1.09.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in JPMorgan Active Growth ETF by 23.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock worth $1,201,081,000 after buying an additional 2,472,865 shares in the last quarter. LPL Financial LLC raised its holdings in shares of JPMorgan Active Growth ETF by 14.7% in the 4th quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock valued at $642,420,000 after purchasing an additional 884,710 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of JPMorgan Active Growth ETF by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,222,813 shares of the company’s stock valued at $395,801,000 after purchasing an additional 77,857 shares during the period. Captrust Financial Advisors raised its holdings in shares of JPMorgan Active Growth ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 3,917,245 shares of the company’s stock valued at $363,520,000 after purchasing an additional 186,762 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of JPMorgan Active Growth ETF by 20.2% in the 4th quarter. Raymond James Financial Inc. now owns 2,306,569 shares of the company’s stock valued at $214,050,000 after purchasing an additional 387,862 shares during the period.

About JPMorgan Active Growth ETF

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.